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2702 E Hedges Avenue, 
Fresno, CA 93703

$1,399,999


20

Beds


Bath


5,500

Sq Ft


Multi-Family

Active

Listed by

Harbhavnik Singh

Nicholas Bien, Broker

559-260-3068

Last updated:

April 19, 2025, 02:39 PM

MLS#

628721

Source:

CA FMLS

About This Home

2702 E Hedges Avenue

Rarely does an opportunity come along that checks all the boxes for both immediate cash flow and long-term upside. This fully stabilized 10-unit multifamily property is generating $93,000 in actual NOI, offering a solid 6.64% cap rate on day one.What sets this property apart is the included vacant lot with city-approved plans to build an additional 5 units. Once developed, projected net operating income increases to $145,000+, pushing the pro forma cap rate to 10.3%+📍 Key Features:10 Turnkey Units - Fully Rented$12,000 Monthly Gross Income$93,000 Annual NOICity-Approved Lot for 5 Additional UnitsPro Forma NOI: $145,000+Cap Rate Today: 6.64%Cap Rate After Buildout: 10.3%+Low Maintenance | Stable Tenants | Room to Raise RentsLocated in a high-demand rental corridor in Fresno, this property is ideal for 1031 buyers, value-add investors, or developers looking to expand their portfolio with cash flow now and scalable upside built in.Don't miss this opportunity to own a high-performing asset with entitlement leverage already in place. Buy it. Build it. Bank it.

Home Facts

Multi-Family

20 Bedrooms

Built in 1942

Price Summary

1,399,999

$254 per Sq. Ft.

MLS #:

628721

Last Updated:

April 19, 2025, 02:39 PM

Added:

12 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

20

Interior

Living Area:

5,500 Sq. Ft.


Structure

Structure

Building Area:

5,500 Sq. Ft.

Year Built:

1942


Lot

Lot Size (Sq. Ft):

41,599


Finances & Disclosures

Finances

Price:

$1,399,999

Price per Sq. Ft:

$254 per Sq. Ft.

MLS Logo
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS)as of (April 19, 2025). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.Properties may or may not be listed by the office/agent presenting theinformation.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.